NEW DELHI: Realty shares were trading on a mixed note in Tuesday's morning session. Shares of Indiabulls Real Estate (up 4.07 per cent) , Godrej Properties (up 1.13 per cent) , DLF (up 0.86 per cent) and SOBHA (up 0.86 per cent) were among the top gainers. While Oberoi Realty (down 2.04 per cent) , Mahindra Lifespace Developers (down 0.96 per cent) , Sunteck Realty (down 0.52 per cent) , Phoenix Mills (down 0.25 per cent) , Brigade Enterprises (down 0.04 per cent) and Prestige Estates Projects (down 0.03 per cent) were the top losers in the index. The Nifty Realty index was trading 0.35 per cent up at 327.95 around 10:08 am. Benchmark NSE Nifty50 index was up 15.25 points at 12134.25 , while the BSE Sensex was up 74.26 points at 41229.38 . Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red. Shares of Vodafone Idea, YES Bank, SAIL, Tata Motors, United Spirits, ICICI Bank, SBI, Wockhardt and Vedanta were among the most traded shares … [Read more...] about Stock market update: Realty shares mixed; Indiabulls Real Estate climbs 4%
Obsolescence in real estate
Despite a slump in the housing sector, India's biggest mortgage lender HDFC reported another quarter of consistent performance with healthy growth of 14% in its loan book, stable spreads of 2.3% and largely flat gross non-performing loans of 1.6%. The growth in loan book to Rs 5 lakh crore was led by 16% growth in retail lending. Corporate lendingInterestingly, corporate loans, or lending to developers, too inched up 6% year on year (less than 5% in the first and second quarters) to Rs 1.3 lakh crore. Reported spreads in this business improved to 3.26% in the third quarter from an estimated 3.1% in the last two quarters. Motilal Oswal expects the mortgage lender to be a bit opportunistic in this segment. "In the current liquidity scenario, HDFC has received a disproportionate share of funds across sources, including banks, MFs, life insurers and deposits. We expect the company to largely maintain spreads as the cuts in home loan rates are offset by declining cost of funds and … [Read more...] about Is HDFC betting on early revival of real estate sector?
In its third quarter result, Prestige Estates Project Limited said that during the nine months ended December 31, 2019, it has acquired further 51 per cent in Prestige Hyderabad Retail Ventures Private Limited (formerly known as Babji Realtors Private Limited), 90 per cent stake in Prestige Garden Estates Private Limted, 50 per cent stake in Bamboo Hotel and Global Centre (Delhi) Private Limited and 28.99 per cent stake in DB (BKC) Realtors Private Limited for a consideration amounting to Rs 364 crore, Rs 211.9 crore, Rs 43.3 crore and Rs 50.1 crore respectively. … [Read more...] about Prestige Estates posts Rs 216 crore net profit in Q3 financial year 2019-2020
When someone dies and they have a will, that will name those responsible for identifying the assets and liabilities, Ms Pidgeon said. Those people – executers – will be obliged to pay outstanding debts from the assets of the estate and to deal with what remains, she said. … [Read more...] about Woman’s estate ordered to pay three weeks’ rent after her death
ESR is an Asia-Pacific (APAC) focused integrated logistics real estate platform and has presence in China, Japan, South Korea, Singapore, Australia and India. It has been registered on the main board of The Stock Exchange of Hong Kong Ltd since 1 November 2019. … [Read more...] about Hong Kong-based ESR buys 77 acre land in Gurugram to build logistics park